DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG), a global financial company, today announced a strategic partnership with Barings to expand the general account portfolio at Principal® through an allocation of up to $1 billion in bespoke private investment grade portfolio finance investments. The investments will be in the form of a separately managed account and a co-investment structure. The co-investment structure will be managed by Principal Asset Management®, the. ...

With a market cap of $18.8 billion, Principal Financial Group, Inc. (PFG) is a leading global investment management company providing retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients. The company focuses on delivering comprehensive financial solutions through its diverse segments, with a strong emphasis on serving small and medium-sized businesses in the United States. The Des Moines, Iowa-based company is set to release its fiscal Q3 ...

Key Takeaways Principal Financial builds on recurring revenue from retirement, group benefits, and asset management.Acquisitions in retirement and asset management strengthened scale and global positioning.Shareholder value is supported by steady dividends, and an active share repurchase program.Principal Financial Group, Inc. (PFG) has built its growth strategy around businesses that generate stable, recurring revenue. Its leadership in retirement and long-term savings is a key driver, supported by strong ...

Core Viewpoint - The article compares Principal Financial (PFG) and Prudential (PUK) to determine which stock is more attractive to value investors, highlighting PFG's stronger valuation metrics and earnings outlook [1][3][7]. Valuation Metrics - PFG has a forward P/E ratio of 9.98, while PUK has a forward P/E of 13.38 [5]. - PFG's PEG ratio is 0.78, compared to PUK's PEG ratio of 0.79, indicating PFG's expected earnings growth is more favorable [5]. - PFG's P/B ratio is 1.61, whereas PUK's P/B ratio is 1.97, suggesting PFG is more undervalued relative to its book value [6]. Earnings Estimates - PFG currently holds a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions, while PUK has a Zacks Rank of 3 (Hold) [3][6]. - The stronger estimate revision activity for PFG suggests a more favorable earnings outlook compared to PUK [7]. Value Grades - PFG has a Value grade of A, while PUK has a Value grade of C, reflecting PFG's superior valuation metrics [6].

Group 1: Company Overview - Principal Financial (PFG) is based in Des Moines and operates in the Finance sector, with a year-to-date share price change of 5.28% [3] - The company currently pays a dividend of $0.78 per share, resulting in a dividend yield of 3.83%, which is significantly higher than the Insurance - Multi line industry's yield of 1.65% and the S&P 500's yield of 1.54% [3] Group 2: Dividend Performance - The current annualized dividend of Principal Financial is $3.12, reflecting a 9.5% increase from the previous year [4] - Over the past five years, the company has increased its dividend four times, achieving an average annual increase of 5.97% [4] - The current payout ratio is 40%, indicating that the company pays out 40% of its trailing 12-month earnings per share as dividends [4] Group 3: Earnings Growth and Future Outlook - For the fiscal year, Principal Financial anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 at $8.28 per share, representing an expected increase of 18.79% from the previous year [5] - The attractiveness of dividends is highlighted by their potential tax advantages and the ability to reduce overall portfolio risk, which can enhance stock investing profits [5] Group 4: Investment Opportunity - Principal Financial is positioned as a compelling investment opportunity, offering an attractive dividend and holding a strong Zacks Rank of 2 (Buy) [6]

Company Overview - Principal Financial Group, Inc. (PFG) is based in Des Moines, Iowa, and offers retirement, asset management, and insurance products and services, with a market cap of $18 billion [1] - The company provides a diverse portfolio including pension plans, annuities, mutual funds, asset management, life insurance, and specialty benefits, which helps clients save, invest, protect, and retire [1][2] Market Position - PFG is classified as a "large-cap stock" due to its market cap exceeding $10 billion, indicating its size and influence in the asset management industry [2] - The company's diverse offerings contribute to stable, recurring revenue and resilience across market cycles [2] Stock Performance - Currently, PFG is trading 12.1% below its 52-week high of $91.98, reached on October 17, 2024, and has gained 6.7% over the past three months, underperforming the S&P 500 Index's 10.3% return [3] - Over the past 52 weeks, PFG shares have fallen 3.5%, significantly lagging behind the S&P 500's 17.1% increase [4] - Year-to-date, PFG shares are up 4.5%, compared to the S&P 500's 12.2% surge [4] Recent Financial Performance - In Q2, PFG reported an adjusted EPS of $2.16, a 32.5% improvement from the previous year, exceeding consensus estimates of $1.98 [5] - The company's Assets Under Management (AUM) grew by 7.7% year-over-year to $752.7 billion, indicating healthy net inflows [5] - PFG's performance has been outpaced by its competitor, Corebridge Financial, Inc. (CRBG), which saw a 17.4% increase over the past 52 weeks [5] Analyst Sentiment - Analysts maintain a cautious outlook on PFG, with a consensus rating of "Hold" from 15 analysts [6] - The mean price target for PFG is $85.92, suggesting a 6.3% premium to its current price levels [6]

Core Insights - The Principal Financial Group is a global leader in investment management, offering a range of financial products and services including retirement services, insurance solutions, and asset management [1] - Founded in 1879, the company is a member of the FORTUNE 500 and manages $519.3 billion in assets [1] - The Principal serves approximately 19.7 million customers worldwide from various regions including Asia, Australia, Europe, Latin America, and the United States [1] - The company is publicly traded on the New York Stock Exchange under the ticker symbol PFG [1] Company Overview - Principal Financial Group provides diverse financial services through its family of companies, catering to businesses, individuals, and institutional clients [1] - The company offers plan administrative services through Principal Life and distributes its funds via Principal Funds Distributor, Inc. [1] - Insurance products are issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Co [1]

Company Overview - Principal Financial (PFG) is based in Des Moines and operates in the Finance sector, with a year-to-date share price change of 3.44% [3] - The company currently pays a dividend of $0.78 per share, resulting in a dividend yield of 3.9%, which is significantly higher than the Insurance - Multi line industry's yield of 1.71% and the S&P 500's yield of 1.51% [3] Dividend Performance - The current annualized dividend of Principal Financial is $3.12, reflecting a 9.5% increase from the previous year [4] - Over the past five years, the company has raised its dividend four times, achieving an average annual increase of 5.97% [4] - The current payout ratio stands at 40%, indicating that the company distributes 40% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - The Zacks Consensus Estimate for Principal Financial's earnings in 2025 is projected at $8.28 per share, with an expected increase of 18.79% compared to the previous year [5] - Future dividend growth is anticipated to be influenced by earnings growth and the payout ratio [4] Investment Considerations - Principal Financial is viewed as a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [6] - The company is positioned as a solid dividend option, particularly appealing to income investors [6]

Core Insights - The Principal Financial Group is a global leader in investment management, offering a variety of financial products and services including retirement services, insurance solutions, and asset management [1] - Founded in 1879, the company is a member of the FORTUNE 500 and manages $519.3 billion in assets [1] - The Principal serves approximately 19.7 million customers worldwide from offices located in Asia, Australia, Europe, Latin America, and the United States [1] - The company is publicly traded on the New York Stock Exchange under the ticker symbol PFG [1] Company Overview - Principal Financial Group provides a diverse range of financial products and services to businesses, individuals, and institutional clients [1] - The company includes various financial services companies under its umbrella, focusing on retirement, asset management, and insurance [1] - Insurance products are issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Co [1] Additional Information - Plan administrative services are offered by Principal Life [1] - Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. [1] - Securities are offered through Princor Financial Services Corp., which is a member of SIPC and/or independent broker/dealers [1]

Group Benefits and Life Insurance Business - The group benefits business at Principal is uniquely focused on small to midsized businesses (SMBs), which is a key differentiator compared to broader market competitors [1] - SMBs are defined as businesses with 2 to approximately 500 employees, indicating a targeted market segment for Principal's offerings [2]